On Tuesday, Shares of DepoMed Inc. (NASDAQ:DEPO), surged 38.66% to $28.62, hitting its highest level.
DepoMed, confirmed that it has received an unsolicited, highly conditional, non-binding proposal from Horizon Pharma plc (HZNP) (“Horizon”) to acquire all of the outstanding shares of Depomed in an all-stock transaction valued at $29.25 per share.
Depomed noted that Horizon’s Proposal is identical in all material respects to the Horizon proposal received by Depomed on May 27, 2015 and reiterated on June 12, 2015. The Depomed Board, after careful consideration and in consultation with its financial and legal advisors, unanimously determined that it was not in the best interests of Depomed or its shareholders to pursue the Preceding Proposal. The Board is confident that ongoing to execute on its planned plan is the best path forward for the Company and its shareholders at this time.
Depomed, Inc., a specialty pharmaceutical company, develops products for pain and other central nervous system conditions in the United States. It offers Gralise (gabapentin), an once-daily product for the administration of postherpetic neuralgia; CAMBIA (diclofenac potassium for oral solution), a non-steroidal anti-inflammatory drug indicated for acute treatment of migraine attacks in adults.
Shares of U.S. Bancorp (NYSE:USB), declined -0.30% to $43.47, during its last trading session.
U.S. Bank, the fifth-largest commercial bank in the United States, released its 2015 U.S. Bank Students and Personal Finance Study based on a survey of 1,640 college students. Half of those surveyed said they would give themselves a C or below when asked how successful they are in managing their money.
The good news – parents can assist. The survey found that 91 percent of students learned about money from their parents, either directly or by example, and 55 percent of students identified their parents as the number one influence on their financial habits, in addition to their go-to source for financial advice.
“Personal financial knowledge and confidence is critical to the health of our national economy,” said Robyn Gilson, vice president of strategy and insights at U.S. Bank. “It has never been more important for parents to engage in an ongoing dialogue with their children about personal money administration and ways to maintain good financial habits. Students need to feel informed, prepared and confident in the decisions they are making recently, which can impact them for years to come.”
U.S. Bank’s survey, which comprised of a 12-question true/false quiz, uncovered gaps in students’ overall understanding of personal finance, especially in three critical areas: budgeting, credit and/or saving for the future.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, Platform Specialty Products Corporation (NYSE:PAH), ended its last trade with –0.36% loss, and closed at $25.08.
Platform Specialty Products Corporation, declared the closing of its formerly-declared underwritten public offering of 18,226,414 shares of its common stock at a public offering price of $26.50 per share. This number comprises 2,377,358 shares sold to the underwriters upon exercise in full of their option to purchase additional shares. This offering resulted in gross proceeds to Platform of about $483 million, before deducting underwriting discounts and commissions and offering expenses payable by Platform. All of the shares of common stock sold in the offering were sold by Platform.
Credit Suisse Securities (USA) LLC, Barclays Capital Inc., UBS Securities LLC and Citigroup acted as joint book-running managers for the offering and Nomura Securities International, Inc., CJS Securities, Inc., HSBC Securities (USA) Inc. and CRT Capital Group LLC acted as co-managers for the offering.
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, Asia, and Europe. The company’s Performance Materials segment manufactures and markets plating products that are used to plate holes; final finishes, which are used on printed circuit boards.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
